Homework Clinic
Social Science Clinic => Accounting => Topic started by: KimWrice on Jul 6, 2018
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Immediately after a reversing entry to reverse the entry for accrued salaries has been posted, Salary Expense will have a credit balance.
Indicate whether the statement is true or false
Question 2
For governmental funds, the minimum financial statements required to be presented in the fund financial statements include a
a. Balance sheet.
b. Statement of revenues, expenditures, and changes in fund balances (GAAP basis)
c. Budgetary comparison statement for all fund with annual budgets
d. Both items a and b
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Answer to Question 1
T
Answer to Question 2
D